this assignment with the following assumption. * That the company does not have accurate budget * That Rada plc have different departments of their business in different area of the world. For an organisation not to have an accurate budgeting is like working without any plan because budget take an important role in the day to day running of a business and also most importantly the future. Budget is important for the following reason * Planning of annual operation * Coordinating the
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Response to Client Request ACC/541 September 2‚ 2013 To: From: Subject: Lease Type and Lease Structure This memo includes research on leases and lease structure. Through intensive research on the Financial Accounting Standards Board (FASB)‚ three sub-types of leases were found for lessors to account for the leases. The three sub-types are direct financing‚ sales-type‚ and operating leases. The international accounting standards board (IASB) and FASB are proposing a
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HUMAN AND SOCIAL CAPITAL BY: JOSEPH KIOKO REG. NO: D80/61281/2011 DATE: 05/06/2013 LECTURER: PROF. P. O. K’OBONYO Introduction and Definitions: Human capital is defined by the OECD (1998‚ p9) as “the knowledge‚ skills and competences and other attributes embodied in individuals that are relevant to economic activity.” While Duration of schooling and levels of qualification are the standard measures used to measure human capital the OECD itself
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Paul Shamanski General MacArthur’s request to use A-Bombs The three reasons why General MacArthur’s request to use A-Bombs on Chinese military forces did not comply with Clausewitz theories in On War was because the outcome of dropping bombs on them would have been very unpredictable of what they might do back‚ there should be a more strategic way of defeating them‚ and there would have been to many civilian deaths. The first reason MacArthur’s request didn’t comply with Clausewitz’ theories
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flexible budget? A flexible budget projects budget data for various levels of activity. The flexible budget is a series of static budgets at different levels of activity. The flexible budget recognizes that the budgetary process is more useful if it is adaptable to changed operation conditions. Flexible budgets can be prepared for each of the types of budgets include in the master budget‚ so depending on your particular business you will have different budgets in your flexible budget. • What
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History of Indian Budget India’s first Finance Minister Sir R.K. Shanmugham Chetty‚ presented the first Finance Budget of independent India on November 26‚ 1947. Since then‚ 28 differentUnion Finance Ministers have been presenting the budget year after year. Initially‚ major attention was paid towards the agriculture sector but as the economy evolved‚ the focus shifted from agriculture to other sectors like industrial‚ financial etc. During the early the fifties‚ Indian budget highlights revolved
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Budget Deficit For many decades‚ there has been a concern for the deficit within the United States. Many politicians‚ authors‚ newscasters‚ and citizens have expressed their distress in order to resolve or control the issue. Keynesian economic theory states that running a budget deficit is okay‚ as long as the deficit is not exorbitantly large and is not carried for a long period of time. Even though many experts agree with this notion‚ having a deficit at all is important to the present and
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BUDGETING SIMULATION Q1.Explain and critically analyze the budget that you prepared for the exercise For this exercise‚ estimates‚ budget‚ conditions‚ conditions forecast were the things to be kept in mind. From the conditions that were specified: 1) Weather-the cost can go high if the weather conditions get worse 2) Labor market-the cost can go high or low depending on the availability 3) Stakeholders cooperation-depending on them‚ the cost can also go high or we can even save money 4) Reliability
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The death penalty is also known as the Capital Punishment in certain countries. It is a legal process whereby a person is punished by execution by the government as a result for crimes committed. In certain countries‚ this type of punishment is employed mainly for; murder‚ treason‚ arson and rape cases. The first cases of death penalty dated as far as the Eighteenth Century B.C. At this time‚ the death sentences were carried out by the means of; drowning‚ beaten to death‚ impalement‚ crucifixion
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Music Education Budget Cuts One of the most beloved activities among young people today is in crisis. As budget cuts to school are made‚ the education organizations look for ways to use less money. Where most of them look is sad. Music is a subject that is almost universal around the world; although‚ it can be in different languages. The same basic rules and functions apply. This beloved class is being pulled out of schools all over the U.S. due to school budget cuts. Schools target band‚ chorus
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